Bank Of The West Mortgage Rates, Fees & Info
San Francisco, CALEI: QOT5WN9RBKQTFRVKEV31
Tax ID: 94-0475440
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Mortgage Data
Review & Overview
Bank Of The West is a smaller bank specializing in Home Purchase and Refi loans. Bank Of The West has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Los Angeles, San Jose, San Francisco, Denver, and Las Vegas among others. We have data for 79 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of The West has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Bank Of The West is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/17/24 |
| 30 Year Conventional Purchase | 5.64% | 11/17/24 |
| 30 Year Conventional Refi | 5.65% | 11/17/24 |
| 30 Year Cash-out Refi | 5.87% | 11/17/24 |
| 30 Year FHA Purchase | 7.25% | 11/17/24 |
| 30 Year FHA Refi | 7.41% | 11/17/24 |
| 30 Year VA Purchase | 6.04% | 11/17/24 |
| 30 Year USDA Purchase | 6.06% | 11/17/24 |
| 15 Year Conventional Purchase | 5.73% | 11/17/24 |
| 15 Year Conventional Refi | 5.72% | 11/17/24 |
| 15 Year Cash-out Refi | 5.72% | 11/17/24 |
| 15 Year FHA Refi | 5.68% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Bank Of The West Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
518Origination Dollar Volume (All Markets)
$216,310,000Awards
Bank of the West - 2023
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For 2023, less than of lenders were eligible for this award.
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Relative Rate
Bank Of The West's average 30 year fixed mortgage rate was
6.22%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.26%.
Relative Fees (Closing Costs)
Bank Of The West's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,133.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 137 | $81,245,000 | $593,029 | $8,691 | 6.09% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 33 | $25,975,000 | $787,121 | $5,358 | 5.99% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 41 | $22,835,000 | $556,951 | $9,142 | 5.96% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 29 | $9,665,000 | $333,276 | $4,286 | 6.79% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 15 | $7,955,000 | $530,333 | $6,933 | 6.64% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 22 | $7,710,000 | $350,455 | $7,162 | 6.10% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 14 | $4,570,000 | $326,429 | $7,193 | 6.14% |
| STOCKTON, CA (FHA|USDA|VA) | 17 | $3,475,000 | $204,412 | $6,201 | 6.67% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 7 | $3,375,000 | $482,143 | $0 | 7.10% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 5 | $3,325,000 | $665,000 | $7,272 | 5.32% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 9 | $3,095,000 | $343,889 | $8,011 | 6.36% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 12 | $2,850,000 | $237,500 | $11,949 | 6.52% |
| Outside of Metro Areas | 16 | $2,810,000 | $175,625 | $4,929 | 6.53% |
| NAPA, CA (FHA|USDA|VA) | 3 | $2,685,000 | $895,000 | $14,382 | 5.83% |
| Breckenridge, CO (FHA|USDA|VA) | 4 | $2,670,000 | $667,500 | $5,429 | 6.72% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 8 | $2,660,000 | $332,500 | $5,937 | 6.25% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 8 | $2,290,000 | $286,250 | $8,633 | 6.55% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $1,760,000 | $880,000 | $14,592 | 5.93% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 5 | $1,575,000 | $315,000 | $555 | 6.75% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 11 | $1,565,000 | $142,273 | $4,963 | 6.25% |
| MODESTO, CA (FHA|USDA|VA) | 9 | $1,525,000 | $169,444 | $3,933 | 6.05% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $1,275,000 | $1,275,000 | $13,415 | 4.63% |
| BOULDER, CO (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $13,373 | 5.79% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $4,414 | 5.87% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $1,145,000 | $1,145,000 | $3,919 | 4.63% |
| BOISE CITY, ID (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $15,628 | 5.37% |
| FRESNO, CA (FHA|USDA|VA) | 5 | $1,085,000 | $217,000 | $0 | 7.14% |
| FORT COLLINS, CO (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $4,889 | 6.31% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $0 | 5.99% |
| WICHITA, KS (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $5,277 | 6.63% |
| TUCSON, AZ (FHA|USDA|VA) | 6 | $750,000 | $125,000 | $0 | 6.65% |
| RENO, NV (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $4,449 | 6.25% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 6 | $700,000 | $116,667 | $3,864 | 6.26% |
| Newport, OR (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $0 | 5.99% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $4,942 | 6.15% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 5.99% |
| CHICO, CA (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $0 | 7.36% |
| FARGO, ND-MN (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,897 | 5.87% |
| Fernley, NV (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $9,722 | 5.50% |
| Astoria, OR (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 5.99% |
| LAS CRUCES, NM (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $4,913 | 6.62% |
| MADERA, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 5.99% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 5.99% |
| LINCOLN, NE (FHA|USDA|VA) | 4 | $320,000 | $80,000 | $4,530 | 6.36% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 5 | $305,000 | $61,000 | $0 | 7.50% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 8.24% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 5.99% |
| Columbus, NE (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,211 | 6.13% |
| Dodge City, KS (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $2,706 | 6.12% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 6.84% |
| Fergus Falls, MN (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 6.98% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.99% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.99% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.99% |
| Clearlake, CA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $3,787 | 6.31% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 6.13% |
| AMES, IA (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 6.90% |
| Payson, AZ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.88% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 7.08% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.99% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.99% |
| Marshall, MN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,622 | 6.63% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,856 | 7.75% |
| Heber, UT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.99% |
| Marshalltown, IA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,326 | 7.25% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.99% |
| Hailey, ID (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.92% |
| North Platte, NE (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.99% |
| REDDING, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.29% |
| CHEYENNE, WY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.99% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.99% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $4,339 | 7.00% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $4,080 | 7.00% |
| Lexington, NE (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.99% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.99% |
| Beatrice, NE (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.99% |
| Evanston, WY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.99% |
| Rock Springs, WY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.99% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 9.87% |
Similar Lenders
We use machine learning to identify the top lenders compared against Bank of the West based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2023, Bank Of The West's most frequently originated type of loan was HELOC, with 334 originations. Their 2nd most popular type was Conventional, with 175 originations.
Loan Reason
For 2023, Bank Of The West's most frequently cited loan purpose was Other, with 142 originations. The 2nd most popular reason was Home Purchase, with 132 originations.
Loan Duration/Length
For 2023, Bank Of The West's most frequently cited loan duration was 30 Year, with 462 originations. The 2nd most popular length was Other, with 42 originations.
Origination Fees/Closing Costs
Bank Of The West's average total fees were $7,133, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 72 originations.
Interest Rates
During 2023, Bank Of The West's average interest rate for loans was 6.22%, while their most frequently originated rate bucket for loans was 5-6%, with 362 originations.
Loan Sizing
2023 saw Bank Of The West place emphasis on $100,000 or less loans with 125 originations, totaling $6,885,000 in origination value.
Applicant Income
Bank Of The West lent most frequently to those with incomes in the $250k+ range, with 146 originations. The second most popular income band? $150k-250k, with 133 originations.
Applicant Debt to Income Ratio
Bank Of The West lent most frequently to those with DTI ratios of 50-60%, with 109 originations. The next most common DTI ratio? 20-30%, with 76 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications65.06%
Bank Of The West has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination68.15%
Bank Of The West has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 518 | $216,310,000 | $417,587 |